MCD 2090 Tutorial 5 Money and Inflation Ch.12&13 Tutorial Questions 1. What is money? What distinguishes money from other assets in the economy? Briefly explain the difference between fiat money and commodity money giving examples of each. Why current deposits are included in the supply of money? Money is the commonly accepted set of assets in an economy that people regularly use to buy goods and services from other people. • Commodity money takes the form of a commodity
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does Eric’s personal background assist in his assessment of the problems he faces ? During a private fundraiser earlier this year‚ Republican presidential candidate Mitt Romney told a small group of wealthy contributors what he truly thinks of all the voters who support President Barack Obama. He dismissed these Americans as freeloaders who pay no taxes‚ who don’t assume responsibility for their lives‚ and who think government should take care of them. Fielding a question from a donor about how
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I think that the problem of youth employment is very actual and must be solved as quick as possible. Most of young people in Russia nowadays get higher education chiefly because it is in basion now. They all go to institutes or universities and even academies. But the quality of education nowadays leaves much to be desired. As a result the country will have a lot of specialists especially doctors‚ managers and lowers. But their quality will be very low. It is one problem. The other problem
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Introduction “Unemployment is a situation where people of a country are willing to work‚ able to work but cannot find jobs.” Officially unemployment is defined as the situation of being without work‚ wanting work‚ and actively seeking work. It is usually measured as a percentage of the people in the total labor force or the total for some social group. During periods of recession‚ an economy usually experiences a relatively high unemployment rate. Economy of an individual is at the utmost priority
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grade inflation is spreading rampant like an unforgiving plague‚ effecting students of community institutions as well as the big dogs of elite‚ IVY league schools. Writer Brent Staples‚ a member of the New York Times editorial board‚ explains in his essay‚ Why Colleges Shower Their Students with A’s‚ why so many colleges are “simply issuing more and more A’s‚ stoking grade inflation and devaluing degrees.” With every example of disastrous situations Staples gives as to why grade inflation is rapidly
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Indonesia The average unemployment rate in Indonesia based on the last 5 years (2009-2013) is 6.78%. The unemployment in Indonesia hit the highest in 2009 with 7.9%‚ and the lowest rate of unemployment was in 2012 with 6.1%. From the above graph‚ we can see that there is a decrease in unemployment rate from 2009 to 2012 falling from a rate of 7.9% in 2009 to 6.1% in 2012. This may be due to the fact the government in Indonesia‚ has been putting effort to lower the unemployment rate of their country
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Unemployment in Saudi Arabia‚ according to the latest official figures‚ was 5.5 percent of the total Saudi labor force (15 years and older) in 2012. This means there are at least 300‚000 unemployed people in the Kingdom. The decree on the short-run will Couse some sort of difficulties specially on the small and medium firms‚ but on the long-run the decree will affect on the market positively. Therefore we recommend the following: Weather Implement the decree gradually (100 and then 200
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rate of inflation than does the CPI? [v]. Compute how much each of the following is worth in terms of today’s dollars using 177 as the price index for today. a. In 1926 the CPI was 17.7 and the price of a movie ticket was $0.25 b. In 1932 the CPI was 13.1 and a cook earned $15.00 a week c. In 1943 the CPI was 17.4 and a gallon of gas cost $0.19 [vi]. Jay and Joyce meet George‚ the banker‚ to work out the details of a mortgage. They all expect that inflation will be 2
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FRAUD FACTS Issue 12 April 2011 INFORMATION FOR ORGANISATIONS An introduction to fraud detection Fraud detection should form part of an organisation’s overall anti-fraud strategy to identify and stop new or historical fraud at the earliest opportunity. Effective fraud detection saves money and protects businesses and their employees‚ shareholders and customers. What is fraud detection? Fraud detection is the identification of actual or potential fraud within an organisation. It relies upon the implementation
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UNEMPLOYMENT Employment in simple words can be defined as an occupation by which a person can earn his living. And Unemployment is the inability of providing gainful work to people who are willing to work. And for a country like India‚ employment has become one of the major challenges of the current economy. Despite the economic reforms and the IT & BPO boom‚ the unemployment situation in India is getting worse. Therefore‚ emphasis is given on providing more employment opportunities which in
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